Altcoin Market Is On RED Today

[TomPluz]

As I look on the main page of CoinMarketCap (CMC), I realized that am seeing an ocean of red splashing into me with some bubbles carried by the waves that are also colored red - forgive my try for making some metaphor here.

After some push in the overall cryptocurrency market for the last weeks, I think we are back to the dip and even Bitcoin is getting back to the $40K zone after almost touching $45K days ago.

What do you think this is happening? Or are these things just normal here in the crypto market and can happen anytime for no apparent or verifiable reasons?

[gurunanakji777]

Yes, market is dropping again. We all know Crypto market is highly volatile and we should also adapt ourselves according to the nature of the market it's easy to say but hard to accept. I believe we still have to wait for some more time to bull in control again at present bear is strong and this is the time of testing patience those who remain calm will recover their losses.

[collinsjie]

Yes, they always respond to Bitcoin crashing. This is only one of the things I don't like in the crypto market. If there a way they can breakout from bitcoin controlling the market it will better for the crypto community.

[trauchot]

The usual slight correction of the cryptocurrency market, in the coming days there will most likely be another little pump and then again, most likely the cryptocurrency market will fall a little, in general, now we are most likely in a bearish trend and therefore we should not count on a huge pump of the cryptocurrency market and now we just need to expand ours cryptocurrency portfolios.

[Jaephoenix]

Yeah, the correction or dip came just in time. And I guess, I am prepared this time around. Got a bag of stablecoins ready to accommodate the dip here. Hope I catch the proper dippity dip

[rizqillah]

Yeah, the correction or dip came just in time. And I guess, I am prepared this time around. Got a bag of stablecoins ready to accommodate the dip here. Hope I catch the proper dippity dip

Yeah, when correction or dip, I think It's the right time to buy more.
Market is red, but It's temporary and will grow again.
Many big investors always waiting this moment to buy more crypto that they believe will have great progress.
I also bought several metaverse when the dip.

[pelana vreo]

What do you think this is happening? Or are these things just normal here in the crypto market and can happen anytime for no apparent or verifiable reasons?

I think this market situation is normal because BTC and altcoin prices don't always go up, if you look at the chart at the end of 2020, the current price is still in favor of many investors because at that time the price of BTC was under $20k and Ethereum was under $500.

[Review]

Yes , it's happening just because of the weekend , I meant friday . Even the BTC movement does not looks good too as it keep going down from 43k to 40k USD now. According to the news , the major support of BTC now at 39k and if it's break down , we may see another dump scene from the btc and whole market .  Are we going to see big down kinda like 30k and went back again ?

[pacar_tiri]

Yes , it's happening just because of the weekend , I meant friday . Even the BTC movement does not looks good too as it keep going down from 43k to 40k USD now. According to the news , the major support of BTC now at 39k and if it's break down , we may see another dump scene from the btc and whole market .  Are we going to see big down kinda like 30k and went back again ?

As you said, It is weekend.
I think every weekend we will see market is going down.
The investors or trader will have family time at weekend, So crypto market will red.
I think It's a good time to buy and hold until the bullish.
Let's do it.

[Fenix]

The subsequent military aggression of Russia, which on February 24 brought its 100,000-strong army with heavy armored vehicles into Ukraine, again caused a sharp drop in prices in the cryptocurrency market. But, as we have already seen more than once, any fall has a short-term effect and after a while the cryptocurrency is again able to return to its previous positions. So, Bitcoin fell to almost $35,000, but now it has already risen to $43,762.
While this is normal for this market.

[satpol_PP]

Yes , it's happening just because of the weekend , I meant friday . Even the BTC movement does not looks good too as it keep going down from 43k to 40k USD now. According to the news , the major support of BTC now at 39k and if it's break down , we may see another dump scene from the btc and whole market .  Are we going to see big down kinda like 30k and went back again ?

As you said, It is weekend.
I think every weekend we will see market is going down.
The investors or trader will have family time at weekend, So crypto market will red.
I think It's a good time to buy and hold until the bullish.
Let's do it.

You're right, every weekend we saw red market of crypto currency and will green again at Monday
Crypto currency market is green again now, Although volatile but seems still strong.

[Monkey Monster]

The major cryptos and other currencies ran in the red over the previous day, according to market cap," Edul Patel said. "This dip in the crypto market is due to the continued tensions between Russia and Ukraine, and investors appear to be concerned about inflation levels as well."

[Doctor]

The major cryptos and other currencies ran in the red over the previous day, according to market cap," Edul Patel said. "This dip in the crypto market is due to the continued tensions between Russia and Ukraine, and investors appear to be concerned about inflation levels as well."

Keep calm mate,
Market will recover again, I saw demand is still high and many people  enthusiasm to invest in crypto.
No worries about market, red and green will always happen there.
Because crypto is very volatile.
Market is growing up again now, believe it will touch new ATH soon.

[DAMKAR]

The major cryptos and other currencies ran in the red over the previous day, according to market cap," Edul Patel said. "This dip in the crypto market is due to the continued tensions between Russia and Ukraine, and investors appear to be concerned about inflation levels as well."

Keep calm mate,
Market will recover again, I saw demand is still high and many people  enthusiasm to invest in crypto.
No worries about market, red and green will always happen there.
Because crypto is very volatile.
Market is growing up again now, believe it will touch new ATH soon.

Sure, market will recover again, But I dont agree with your prediction. In my prediction crypto will touch  ATH at Q4 , because I see at Q1 market is still struggling to pump.
It's bearish season.
We will see market grow at Q4 and teh beginning next year.
But everything can happen at crypto market.

[Confero]

Sure, market will recover again, But I dont agree with your prediction. In my prediction crypto will touch  ATH at Q4 , because I see at Q1 market is still struggling to pump.
It's bearish season.
We will see market grow at Q4 and teh beginning next year.
But everything can happen at crypto market.

Quarter 4 means the end of the year, for day traders I think it's too long to keep assets until another 9 months.
I just went to the market, and I saw an upward movement of almost all the coins. 
Bitcoin and other Altcoins showing green graph, Fresh apples we must eat.